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【$WAXP】Long Position, 4H Volume Breakout / Negative Funding Rate Short Squeeze / Strong Support Depth
$WAXP 4-hour trading volume surged over 300 billion, price broke through the Bollinger Band upper rail, but funding rate of -0.64% exposes excessive short crowding. Buy-side depth is 1.5x the sell-side, with extremely thick order stacks around 0.00788 below, showing clear capital support intentions. This combination of rising volume and price with depth imbalance is a typical characteristic of short squeeze setup initiation.
🎯Direction: Long 🛡️Strategy: Batch profit-taking, guard against pullbacks ⚡Entry: 0.007178 - 0.007363 🚀Targets: 0.008815 / 0.009541 🛑Stop Loss: 0.007000
View Real-Time Chart 👇 $WAXP
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